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Biopharma - Australia can borrow fund in Australia with an interest rate of 1 1 . 2 1 % to invest 1 . 6 2
BiopharmaAustralia can borrow fund in Australia with an interest rate of to invest million Chinese yuan CNY and expected return of CNY million next year. Assume that BiopharmaAustralia and HaierChina engage in a parallel loan in which the HaierChina gives Biopharma Australia CNY million in exchange for a loan in Australian dollar A$ at the current exchange rate A$CNY These loans will be repaid by both parties at the end of one year. Assume that next year, BiopharmaAustralia will pay the HaierChina interest on CNY million and that the HaierChina will pay BiopharmaAustralia interest on the Australian dollar loan. Also, BiopharmaAustralia believes that the CNY will appreciate to A$CNY next year. How much the BiopharmaAustralia will make a profit or loss in A$ from this parallel loan agreement in one year. enter the whole number with no sign or symbol
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